Business news from Ukraine

Business news from Ukraine

Schneider Electric unveils innovative solutions for sustainability and energy based on artificial intelligence

Schneider Electric, a leading global expert in energy management and automation, has unveiled a range of innovative solutions to address pressing energy and sustainability issues using artificial intelligence. The innovations were presented at the International Conference on Digital Transformation and Sustainable Development held in Paris.

Some solutions included innovations such as:

EcoStruxure Energy Hub – an intelligent energy management platform that allows companies to monitor resource consumption in real time and optimize their use to reduce their carbon footprint.

AI-Powered Grid Manager – an energy grid management system that uses artificial intelligence to analyze data and predictive control to improve the resilience and reliability of energy systems.

Green Building Suite – building optimization software to improve energy efficiency and reduce operating costs.

Smart Charging Station System for Electric Vehicles – a solution that integrates charging infrastructure with power grids and increases the efficiency of renewable energy sources.

According to Mikhail Bubnov, CEO of Schneider Electric Ukraine, these technologies will soon be available on the Ukrainian market.

“We are proud that our solutions presented in the global arena will be available to Ukrainian customers in the near future. This will enable the introduction of advanced technologies for energy management and automation, contributing to the sustainable development of the country and improving energy efficiency,” said Mikhail Bubnov.

According to the company’s forecasts, the use of such solutions in the Ukrainian market will contribute to improved energy management, cost reduction and transition to more environmentally friendly energy sources. This is especially important in the context of current challenges associated with the global energy crisis and the need to adapt to the standards of sustainable development.

Schneider Electric is a global leader in energy management and automation. The company develops integrated solutions for energy efficiency and sustainability, driving digital transformation across industries. With more than 180 years of history, Schneider Electric continues to innovate to create a sustainable future. Schneider Electric began its operations in Ukraine in 1994, opening representative offices in Kiev, followed by Donetsk, Mykolaiv and Lviv. In 2000, Schneider Electric Ukraine LLC was established with a commercial structure and warehouse, which allowed the company to strengthen its presence in the Ukrainian market and provide customers with a wide range of solutions in the field of energy management and automation.

https://www.se.com/ua/uk/

 

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Japan to help Ukraine restore soil with nanobubbles

Japan will assist Ukraine in restoring and increasing the fertility of Ukrainian agricultural land by introducing a promising nanobubble technology to saturate soils with oxygen, the State Agency of Ukraine for the Development of Land Reclamation, Fisheries and Food Programs reports.

The prospects for cooperation were discussed at a working meeting of the Head of the State Agency Vladyslav Nevesely and First Deputy Head Taras Kot with representatives of the Japan International Cooperation Agency (JICA) and Kakuichi on February 5.

“My previous experience with JICA has been extremely successful, as they are a team of energetic and dedicated professionals. Your interest in restoring agricultural land in Ukraine is extremely important to us, and I am confident that through synergy we will be able to achieve positive results quickly,” said Nevesely.

Currently, Kakuichi, one of the leading manufacturers of nanobubble systems, has donated three nanobubble generators to Ukraine as part of a pilot project, which are to be installed in Kyiv, Odesa and Poltava regions by the end of the month to test their effectiveness on Ukrainian farmland. Each generator can provide irrigation for about 1 hectare of land.

“The uniqueness of this technology lies in the fact that it allows us to abandon the use of chemical fertilizers. Instead, it uses an environmentally friendly approach that improves water quality and maximizes the use of nutrients contained in the soil. Water enriched with nanobubbles stimulates the natural growth of plants and helps to restore the soil,” the statement said.

It is emphasized that this technology can be especially important for the restoration of land damaged by Russian aggression.

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Greenland’s ruling party leader wants faster referendum on independence from Denmark

The process of Greenland’s independence from Denmark should be accelerated and the people of Greenland should be heard in a referendum during the next election, Greenland’s ruling Siumut party chairman Erik Jensen said.

“We want to achieve this (independence). That is our ambition. But of course it has to be in close cooperation with the people of Greenland. And that is very important. So that everyone has no doubts about what to vote for,” Jensen told Danish Radio.

The party has reportedly been divided in recent weeks after some of its members demanded the activation of Section 21 of the Self-Government Act, which outlines the path to Greenland’s independence. That initiative has now been backed by Jensen.

The party had previously cited that the commission was exploring a legal path to statehood, but Jensen said he would simultaneously activate Article 21 and begin talks with Danish Prime Minister Mette Frederiksen. “We have the work of the commission. We can also do something in parallel, we can activate Article 21 and start talks with the Danish government. This is what we will campaign on,” he said.

The chairman of Greenland’s ruling party is confident that the activation of Article 21 and negotiations with Denmark should lead to a referendum in Greenland, and it will not take long.

He cited decolonization and equality among his motives for declaring independence. “We want to be all treated equally. We haven’t had that for many years. We have many of our fellow citizens in Greenland who have been treated unequally. We want to be decolonized,” Jensen said.

As reported, the Prime Minister of Greenland – a self-governing territory of Denmark – Muthe Egede called for a vote in the Greenlandic Parliament on March 11.

Earlier, US President Donald Trump repeatedly expressed territorial claims to Greenland. In response, the Danish government announced its intention to strengthen its military presence in the Arctic and North Atlantic by purchasing three new ships for the waters around Greenland, long-range drones and satellites at a cost of almost 2 billion euros. Earlier Experts Club think tank, Brian Mefford and Maxim Urakin released a video analysis on what changes are in store for US domestic and foreign policy under Trump, the video is available on Experts Club’s YouTube channel – https://youtu.be/W2elNY1xczM?si=MM-QjSqGce4Tlq6T.

 

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“Naftogaz” and EBRD discuss financing of gas purchases

The Naftogaz Group and the European Bank for Reconstruction and Development (EBRD) have discussed financing the purchase of natural gas and supporting its production in the face of Russian attacks.

As the group reported on Friday, these issues were the focus of a meeting between Naftogaz CEO Roman Chumak and EBRD President Audrey Renaud-Basso. The event was also attended by EBRD Vice President Matteo Patrone, Managing Director for Ukraine and Moldova Arvid Turkner, and Deputy Head of the EBRD in Ukraine Iryna Kravchenko.

“Strengthening the country’s energy resilience in the face of a full-scale war, ensuring a stable heating season and providing all categories of consumers with gas are our key objectives. We are grateful to the EBRD for its support and continue to work together on financial instruments to ensure Ukraine’s energy security,” Chumak emphasized during the meeting.

He also added that in today’s environment, flexible and operational solutions in cooperation with international partners allow Naftogaz to respond quickly to crisis situations and ensure uninterrupted energy supplies.

As reported with reference to the Minister of Energy of Ukraine Herman Halushchenko, Ukraine will need to import at least 1 billion cubic meters of natural gas by the end of 2025.

At the same time, according to former Energy Minister Olha Buslavets, the country will have to import 2-3 billion cubic meters of natural gas in 2025 to cover the shortage.

According to her estimates, Ukraine should go through the heating season without serious gas supply restrictions, unless there are extreme frosts, but by the end of it, reserves in underground gas storage facilities (UGS) will amount to about 4.5-5 billion cubic meters, which means an additional need to import 2-3 billion cubic meters of gas by the end of this year.

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“Express Insurance” increased premiums by 72% in January

In January 2025, Express Insurance (Kyiv) collected insurance premiums in the amount of UAH 102.6 million, which is 71.9% more than in January 2024.

According to the insurer’s website, in January, it paid out more than UAH 34.4 million, which is 17% more than in the same period of 2024.

In particular, payments under hull insurance amounted to UAH 27 million (+5.3%), under MTPL – UAH 6.8 million (2.4 times more), payments under other insurance contracts – UAH 660 thousand.

“The increase in MTPL payments is a direct result of customer confidence in the company and the increase in the number of contracts concluded,” the statement said.

Express Insurance ALC was founded in 2008 and is part of the UkrAVTO group of companies. The company specializes in automobile insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.

Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.

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Prices for live cattle in Ukraine increased by 20% due to export demand

Prices for live cattle have risen sharply in Ukraine – by almost 20% over the past week, as of February 5, they increased from 64 to 74 UAH/kg and demand remains high, according to the Association of Milk Producers (AMP).

“The main driver is the increased demand from exporters. There are a number of factors, including the early Ramadan 2025 and the limited presence of live cattle from the EU due to outbreaks of foot-and-mouth disease,” analysts said.

Experts explained that usually the demand for live cattle fades in November and after the New Year’s lull is restored in March under the influence of growing export demand to Arab countries. However, this year Ramadan begins on February 28, so the demand for slaughter cattle from Lebanon and Jordan has increased since the first days of January.

The industry association predicts that amid a shortage of bulls of marketable condition, a rapid decline in raw milk prices and a lack of working capital for the sowing season, including due to delays in payment for raw materials, dairy farms may begin to actively reduce their livestock.